Fonterra is raising its forecast milk price range to $8.40 to $9 per kilo of milk solids.

That's the highest in the co-op's history.

It's expected to contribute more than 13.2 billion dollars to the economy.

>> More Rural News

Other Rural News

26 Aug: A new development, in the sale of Fonterra's consumer arm

23 Aug: Fonterra farmers are being tight-lipped on how they feel about selling its largest brands - including Anchor and Mainland

22 Aug: The Prime Minister's celebrating Fonterra's sale of it's consumer arm to a foreign dairy giant

21 Aug: The uncertainty isn't over for dairy farmers

12 Aug: Could iconic Kiwi dairy brands like Anchor and Mainland soon be under French ownership?

06 Aug: Dairy prices have risen 0.7 percent at the latest Global Dairy Trade auction overnight

25 Jul: Nicola Willis insists her talks with Fonterra about butter prices have been productive

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